BDO In The Media

BDO professionals believe in the importance of staying on top of new trends, issues, and regulations. Viewed as industry leaders, our professionals are often turned to as media sources regularly appearing in major business journals, industry publications and media outlets. The following list is a sample of recent articles highlighting BDO’s Retail & Consumer Products practice

October 2018:
Rizzo’s Take: Retailer Brand Names Remain Winners in Bankruptcy (WSJ Pro Bankruptcy)
Nearly 3,840 stores were closed in the first half of 2018, according to data from BDO’s Retail in the Red report.

Retail Briefing: How to bankruptcy-proof a store (Digiday)  
David Berliner discusses ways retailers can stay out of bankruptcy including shuttering underperforming stores.

BDO provides retail bankruptcy update (Chain Store Age)
Findings from BDO’s Retail in the Red report were featured in Chain Store Age.

Retail Picture Brightens but More Store Closures Likely (WSJ Pro Bankruptcy)
“While distress in the retail sector is slowing, retailers saddled with too many stores still face issues,” according to data from BDO’s Retail in the Red report.

September 2018:
2018 Notable Women in Accounting & Consulting (Crain’s New York Business)
Natalie Kotlyar, leader of BDO’s national Retail & Consumer Products practice, is featured on Crain’s inaugural list of notable women in accounting and consulting.

Pulling back the curtain on tax reform (Franchise Times)
How are franchise businesses impacted by tax reform? “It’s a very positive benefit for profitable operators,” Scott Ziemer tells Franchise Times.

How Fintech is Reinventing the Stodgy Finance Industry – Tax Talk Sidebar (Footwear News)
Why might small retailers be hit harder than large retailers following the South Dakota v. Wayfair decision? Natalie Kotlyar shares her take with Footwear News.

August 2018:
Brookstone Files for Bankruptcy as Web Shoppers Leave It Behind (Wall Street Journal)
Brookstone is not alone in shuttering stores. There were about 9,000 store closures in 2017 and that number is expected to rise this year, according to BDO’s latest Retail in the Red report.

July 2018:
Retailer Brookstone Seeks Bankruptcy Financing (Wall Street Journal)
Retail store closures are expected to rise this year, according to BDO’s latest Retail in the Red report.

Prime Day Drives Reported 89% Sales Boost in First 12 Hours Despite Early Site Crash (Retail Touchpoints)
Natalie Kotlyar shares her thoughts on this year’s record-breaking shopping holiday.

June 2018:
How Industrial Loses Under South Dakota V. Wayfair (GlobeSt.com)
Natalie Kotlyar explains why the South Dakota v. Wayfair decision impacts smaller retailers the most.

Luxury retailers may see more foot traffic after Supreme Court ecommerce ruling (Luxury Daily)
How could the South Dakota v. Wayfair decision affect luxury retailers? Natalie Kotlyar and Jennifer Valdivia share their thoughts.

Supreme Court online tax decision sends smaller businesses reeling (NBC News)
Rocky Cummings discusses how the Supreme Court’s overturning of Quill will impact states.

Go deeper: How the online sales tax ruling will affect consumers (Axios)
Eric Fader analyzes why online retailers are looking to Congress for clarity on the Supreme Court’s Wayfair decision.

Retail Roundup: Amazon-Proof Strategies, 7 Reasons to Stay Bullish (Barron’s)
Natalie Kotlyar shares her insights on how retailers can survive – and even thrive – in an Amazon world.

May 2018:
How Footwear Brands Can Get Ready for GDPR (Footwear News)
Natalie Kotlyar discusses the repercussions of noncompliance with GDPR.
 
April 2018:
The jury’s out on how SCOTUS will rule on Wayfair (Accounting Today)
Natalie Kotlyar and Katherine Gauntt discuss the Supreme Court’s upcoming ruling in South Dakota v. Wayfair.
 
Retailers Beware -- Consumers Aren't Shopping With Tax Money (Bloomberg Technology)
66 percent of respondents to BDO’s 2018 Consumer Beat Survey said they will not be contributing more to the economy after tax season. Thus, retailers may not see the boost they were expecting, says Natalie Kotlyar.
 
Retail defaults hit an all-time high in early 2018 (Retail Dive)
While retail execs predicted consistent bankruptcy filings this year, according to our 2018 Retail Compass Survey of CxOs, retail debt defaults hit an all-time high in Q1. David Berliner shares insights about bankrupt retailers’ chances for survival.
 
Bon-Ton to Liquidate Stores (The Wall Street Journal)
Bon-Ton’s liquidation announcement arrives after many attempts to resurrect the brand. Retailers should expect a significant increase in store closures this year, as BDO’s recent Bankruptcy Update reveals.
 
Lessons From Bon-Ton's Plan To Avoid Liquidation (GlobeSt.com)
After a Hail Mary bid from landlords Washington Prime Group and Namdar Realty Group hit a snag in court, liquidation is looking likely for Bon-Ton. David Berliner weighs in on how Seritage’s turnaround model might have been effective for the struggling department store.
 
Money from tax reform will not go to retail (FierceRetail)
Consumers who say they’ll spend at least some increased discretionary income from tax reform and their 2017 tax returns plan to treat themselves to entertainment, according to BDO’s 2018 Consumer Beat Survey. Natalie Kotlyar offers tips on how retailers can try and capture some of this spending.